Alibaba, a Chinese Internet company, will set up six major business groups and many business companies, and allows qualified business to be listed independently.Alibaba CEO Zhang Yong said that this is the most important organizational change in Alibaba's 24 years.

According to the surging news report, Zhang Yong, chairman and CEO of Alibaba Group, issued a full letter on Tuesday (March 28) to announce the start of the "1+6+N" organization change.

According to the plan, under the Alibaba Group, the six major business groups and many business companies of Alibaba Cloud Smart, Taobao Tmall Commercial, Local Life, Cainiao, International Digital Commercial, Great Entertainment, etc.Business groups and business companies will set up board directors to implement the CEO responsibility system under the leadership of various business groups and business companies, and Alibaba Group will fully implement the management of holding companies.

According to the entire staff letter, while Zhang Yong is the chairman and CEO of Alibaba Group, Zhang Yong is also the CEO of Alibaba Cloud Smart Group; Dai Shan is the CEO of Taobao Tmall Commercial Group;; Wan Lin continues to serve as CEO of Cainiao Group; Jiang Fan is the CEO of the International Digital Commercial Group; Fan Luyuan is the CEO of Grand Entertainment Group.Other companies will also operate independently.

Zhang Yong said in the letter: "The market is the best goldstone. In the future, business groups and companies with conditions will have the possibility of independent financing and listing."

Zhang Yong said that the purpose of this reform is to make the organization agile, shorten the decision -making link, and make the response faster.After this adjustment, in addition to meeting the compliance requirements of the listed company, the middle and background functional departments of Alibaba Group will fully make light and thin, and the group will fully implement the management of holding companies.

It is reported that the change of organizational governance was initiated by Zhang Yong and has been approved by the group partner and the board of directors. The change started from the top level of the group to redefine and construct the governance relationship between Alibaba Group and various businesses.